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down our debt in a way that grows our economy and create good jobs. the decision that will make a real difference in the strength of our recovery. we began with economists and business leaders saying that we are poised to grow. there are signs of progress. car sales are at a five year high. manufacturing is coming back. businesses created 2.2 million jobs last year. we have learned that our economy created more jobs in the last few months that economists are originally thought. this week we also received the first testament of the economic growth over the last a few months. it reminded us that bad decisions in washington can get in the way of economic rugrats. we agree -- economic progress. we agree that we cannot cut our way to prosperity. it has not worked in the past and it will not work today. it could weaken our economy. a could cost us jobs. not just now, but in the future. what we need is a balanced approach. an approach that says let's cut would we can afford, but make the investments we cannot afford to live without. investment in education, research thomas development. -- of
. >> i want to -- you look at all the numbers we got this week, the gdp report, the economy technically shrinking by 0.1 for the fourth quarter and most of it being chalked up to government -- to the lack of government spending particularly in the defense industry. and yet there were other parts of it in the private sector that looked strong. what's the reality here? are we an economy that's growing, that's recovering, or are we in an economy that's still on shaky ground? >> we're growing and we're recovering. the economy as measured by, say, gdp, that's kind of the economy's bottom line, that's the value of all the things we produce, that's been going 2%, 2.5%, and i don't think it's changed, that's about what we're growing right now. that's okay. but it's certainly not good enough in the context of the 7%, now 7.9% unemployment rate. yes, the economy is growing. yes, with each passing month we're on more sound ground but, you know, i don't think anyone's going to feel really good until unemployment is below 6%. >> and the big issue continues, one of the odd issues has to be consumer c
. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehensive immigration reform. host: presi
to essentially double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and performed the way americans consume or want to see and will really provide tremendous societal benefits. so what is a win for everyone and that is my basic message. if you look at it on the climate change site, what we're talking about is over the course of 2012 through 2025, vehicles will reduce carbon pollution by 6 billion metric tons. were talking about 12 and arrows of oil saved. these are numbers not to be sneezed at, ladies and gentlemen. these are very large benefits for society. we saw automakers standing up, touting this initiative because they knew they could produce cars are more efficient and consumers who want to purchase. on the consumer side, perhaps consumers here are the biggest winners of all. they're going to get cars that perform the way they want better safe, that is, provide them utility they need, but they're going to save money in their pocketbooks every
' they're even willing to hurt the economy itself. it's that's what it takes to hurt the president, they're willing to do it. >> any immediate economic setback or the perception of one could weaken obama's clout. maybe a sour economy is worth it if it will distract obama. >> there's a lot of talk these days about how the gop can come back politically. the quickest possible way politically with a contracting economy, if it happened again in the next quarter, that's a recession. >> shrinking the economy is a gop plan for a quick comeback? a sowerer economy is worth it if it distracts obama? folks, they really mean this. but despite it all. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them.
's economy, few families have a stay-at-home mother. in fact, 71% of mothers today are in the labor force. they are major contributors to their family's income. two-thirds of mothers bring home at least a quarter of their family's earning, and more than four of ten families with children, a woman is the majority, or sole breadwinner. that means in today's economy, when a mother earns less than her male colleagues, her family -- her family -- must sacrifice basic necessities as well as facing greater difficulty for these kids to save for college, affording a home, living the american dream. and the lifetime of earnings -- earning losses that all women face, including those women without children or whose children are growing up affects not only their well-being during their working lives, as i said earlier, their ability to save and have a decent retirement. now the evidence shows that discrimination accounts for much of the pay act. in fact, according to one study, when you look at all the reasons that there is a wage gap, well, we have rates 2.4%, 3.5% union status, labor force experienc
to the economy. a day after the dow closed above the 14,000 mark for the first time since before the financial crisis. >> we are poised to grow in 2013. and the real signs of progress. home prices are starting to climb again. car sales are at a five-year high. manufacturing is roaring back. our businesses created 2.2 million jobs last year. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> now, former senator scott brown says he will not run on a special senate election in massachusetts. it's a setback. republicans who hope to win the seat vacated by secretary of state john kerry. brown lost hre-election bid to elizabeth warren in november. for more on the response to the milestone week to the dow, let's go to kristen welker at the white house for us. good saturday morning to you. what is the take on the latest economic news, after the rocky start with the negative gdp number? >> good morning, alex. a real mixed bag this week. the white house responding as they typically do, when we get one of these jobs reports or gdp report
from how people personally did but how does it into the economy? guest: we are seeing an economy that is recovering slowly from the crisis and recession of 2008 and 2009. we can put a number of side for a minute because that is about investment income. even over the long time horizon, we are seeing incomes rise. people are earning more money. people are starting to put people back to work. certainly, this is not a happy days are here again and everything is fine. we are not healed but it is making progress in that direction. host: take a look at a lot of factors. it look at wages and income and rental income. you look at investment income as a whole. that paints a picture of where americans are financially. guest: that's right. you can't buy the things you need if you don't have income. for some, that is a paycheck from their job or from retirees, social security benefits. or for people who have invested a lot, it might be invested -- investment income dividends. wherever it comes from, that is the core of how you buy the things you need and want. host: our guests will take a loo
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
here is to help undocumented immigrants who are already a part of the this country's economy and he made the argument that helping them would help all americans. >> obama: every day, like the rest of us, they go out and they go out and trytry to earn a living. they often do that in a shadow of economy where employers may offer them less than minimum wage or make them work overtime without extra pay. when in a happens, it's not just bad for them but the entire economy. because all the business who is are trying to do the right thing thing, hire people legally following the rules, they are the ones who suffer. >> jennifer: he's right, the shadow economy hurts everyone, particularly the workers who are operating in it. 67% of domestic workers are paid below the minimum wage. less than 2% receive retirement or pension. 65% of those workers don't have health insurance and there is absolutely no recurs. 85% of undocumented immigrants who encounter problems in their working conditions didn't complain because of their shaky immigration status. they have reason to be concerned, that it woul
to bring down the debt. not just as a share of economy, but overall. you're right. it doesn't bring down the debt. at all. mr. speaker, that's the conflict that we face here as a people, as a country, not as republicans, not as democrats, but as a people. on the one hand, what our politicians are saying is we're going to use the money to pay down our debt. but what the reality is is that proposers are coming out today that never, ever, ever pay down a penny of debt. now, mr. speaker, if you want to see that for yourself, you can look. the president's budget each year is posted online, on the o.m.b. website. the first one he submitted, i hold the cover page here, was called a new era of responsibility. it was the first budget that the president ever submitted. but as i go through that budget, mr. speaker, what i see is projects -- proximates for 2020, for 20 -- projections for 2020, for 2030, for 2040, for 260 and for 2080 -- 20 of 6 -- 2060 and for 2080. you hear that, you have children. 2020, 2030, 2040, 2060 and 2080. and in each one of those years, according to the president's budget,
be paid. when that goes into the family checkbook, it will go right in to the economy which we need right now. to buy shoes, to buy food, to do all the things that occur in the real economy. so we think it's great social policy, but we think it's an economic mandate. >> and senator boxer, that is a fact because with $10,000 less a year, then they earned with men, women could buy, if they had that money, 92 weeks of groceries or 13 months of rent or 39 months of family health insurance premium. i mean, we're talking food, housing, health care. this isn't just a little extra money. this is vital, especially for single moms. >> it is so critical. and it is, you know, what happens is we have a consumer-driven economy. about 70% of our economy depends on the consumer going out and spending. so when senator mikulski describes this, she's exactly right. an when you take it to a further level, it's critical. it's critical for the family. it's critical for retirement. it's critical for the economy. so all of this means we're going to have a real strong push. and i think this year, maybe we'll get
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
unemployment at 14.4%. in the words of ed koch, how'm i doing? how's our economy doing right now? >> well, it could be doing a lot better but it's not falling apart. i discount that fourth quarter gdp number. we're expanding but not as much as we like. >> jared, you are not feeling well but here and most important. thank you so much for making it here today because it's jobs report friday and a holiday for you. >> well, i'm feeling better just talking about the jobs day. >> there you go. >> makes my blood race. >> turn that frown upside down. >> two numbers jumped out at me. health care jobs up 23,000. retail jobs up 33,000. are we hiring more people in the retail sector because people are starting to send money and need more people to help them spend that money? we starting to see more people in the health care sector? people aren't afraid of obama care or numbers low or what do you think? >> well, health care is kind of -- it did well -- i don't believe there was a month even in the great recession when we were losing 700,000 jobs a month and health care did not add jobs. the job increa
bank independence. and not those. second, our concern is that japan is the third largest economy in the world. pursuing what looks like a deliberate policy of driving down the exchange rate that would potentially have destabilizing effects. after all, japan is not a deficit country. it is still like a strong external position. how would you want those two concerns with people outside japan and how they feel about what you are doing? [inaudible conversations] >> thank you, martin. first of all, you might say that it could undermine the central bank. in the case of japan so far. there has not been any undertakings to share the information that was recovered with the central bank. for the first time we came to an agreement of 2% inflation and the central bank declared that through our own efforts to achieve this ability and in the part of government, in order to achieve growth in the fiscal consolidation for both government and the bank of japan, apparently this is past. so that is the purpose of the joint statement. it is not any divergence from the international standard. then bas
in the united states. we all know that health care is now a huge part of our economy, accounting for almost 18% of gdp. that's $2.000000000000 for those who don't know the exact size of the gdp. that was from 2011 and i'm sure the health policy students somewhere play a drinking game while watching programs like this on c-span based on how many times the word unsustainable is repeated. those same 2011 spending figures released earlier this month revealed that for the third year in a row, aggregate spending grew by just 3.9%, the smallest increment in decades. so, to paraphrase ross perot's running mate in a debate many years ago, why are we here? and at least one response to that question is, we don't know if the health care cost dragon has dragon has been slain norris just hibernating. how much of the slow increase in cost comes from the sluggish economic recovery, more people without insurance, people postponing care over which they have any kind of discussion at all, and what about the explosion in chronic conditions continuing to develop in a more sophisticated and more expensive treatment
enforcement in the 1970's, the men and women in the academy and then when they are out of the economy, the men and women are retrained on a monthly basis. they go to training. they go to the gun range. they are marksman. we have men and women that never pulled a service revolver. there has to be -- we do have gun-control in california. i do believe it does help, it really does help. i commend our senators and our president. newtown is a tragedy, a travesty. i have a granddaughter and there are young children who are our relatives. it does not make a difference. it could be young or old. we had a gentleman -- or rather a murderer from orange county, riverside county rather, the law enforcement gathered together. they were very emboldened and the economy in san diego. it tooks swap teams probably seven hours to get this man out. he had broken into a house and stole 30 guns, besides being a wanted murder. they did get him. i am proud of our men and women here in california. host: one more question. if the congress could do one thing, what would you like to see them do? caller: i would like to see
. two wars come to an economy in, traditional alliances fraying, are diplomatic standing damaged, and around the world people questioning america's commitments to core values and their ability to maintain our global leadership. that was my inbox on day one as your secretary of state. today conclave the world remains a dangerous and complicated place and of course we still face many difficult challenges. but a lot has changed in the last four years. under president obama's leadership we have ended the war in iraq, begun a transition in afghanistan and brought osama bin laden to justice. we have also revitalized american diplomacy and strengthen our alliances. and while our economic recovery is not yet complete, we are heading in the right direction. in short, america today is stronger at home and more respected in the world. and our global leadership is on firmer footing than many predicted. to understand what we have been trying to do these last four years, it's helpful to start with some history. last year i was honored to deliver the forest all lecture at the naval academy name
. you know, the average investor is seeing the economy make small improvements. we're seeing improvements in the housing market, consumer spending is going up. i spoke with one trader who was a little concerned that this is an artificial rally system littlit stimulated by the fed. >> you can say we have already been here. but you can say we came from the depths of despair, we're much higher but the thing that will cause people to continue to to be concerned is it still ahead of itself. is there a correction coming because the fed created this -- manufactured this rally. >> but, brooke, you know, think of the stock market as a big old rubber band. as much as it went down in 2009, march of 2009, the low for the dow was 6500, now we're seeing it bounce back almost to 14,000. you know how that is. what goes up, i don't want to say it, brooke. >> darn that economic gravity. alison kosik, thank you very much. we want to keep talking about this. we were thinking why doesn't wall street match what we're seeing on main street. we'll talk about that with steven moore, wall street journ
of the economy and financial crisis, that is what we are asking about you this morning, if the financial crisis has delayed those plants for you. give us a call. robert, clinton, md., you are on, sir. caller: 401k, in the early part of november my three kids were named the beneficiaries. we did all the paperwork. here it is, since february 4, and i have not got the money yet. the company that has the 401k, first of all, you cannot find them. i work in the credit union. they would not give you any information about the company that had the 401k. here it is, the fourth, and they still have not got the money. you have got to wait a long time to get your money. host: tell us a little bit about your plans, because of the limbo you are in. what does that mean for you? caller how it means i have to be very careful about four hope -- 401k. if something happened to me, i would release the money to my kids or something like that. if they needed it right away, they could get it, but they still have not received the money. i still do not know how these things work. because of the interest, i do not know. t
to find a serious piece of economic evidence that low-end immigration is overall bad for the economy. it's good. it's a net -- it's a net positive for the economy. all kinds of immigration. because those folks that are coming in. particularly if they're on a path to legalization, are not doing the same task. they're not going for the same jobs as, say, an american with a high school degree. ultimately, this raises all those, and it's something that the dynamism of our country is based upon. >> and at the same time, the president, as he's done successfully in the past, he's got this idea to win over the public. let me play for you a little part of that big speech he gave in las vegas. >> remember that this is not just a debate about policy. it's about people. it's about men and women. and young people, who want nothing more than the chance to earn their way into the american story. >> there's a new gallup poll out today, chris. he has a 70% approval rating with hispanics. we know they voted for him by 71%. both sides are doing various things to try to court that vote. the republicans got
of this. first, the numbers. the nation's economy added 157,000 jobs in january, and the unemployment rate, well, it ticked up to 7.9%. but the jobs numbers for november and december were revised upwards significantly. this means more than two million jobs were created last year. the best number since 2005 and better than seven out of eight years in the bush/cheney era. . now the economy has now gained 5.5 million jobs out of the 8.74 million jobs lost in the great recession. we got a long way to go. no doubt about it. now the stock market is on a roll. it topped 14,000 today for the first time since 2007. 100,000 construction jobs were added in the last four months of 2012, and today chrysler posted its highest sales in five years. and there is another side of this story, of course. millions of people are still out of work. the economy actually shrank by a tenth of a point last quarter because of what? government cutbacks. 2/3 of americans are planning to delay the retirement according to "the wall street journal" because of the financial losses. income stagnation and layoffs over the pas
. and we just learned that our economy created more jobs over the last few months than economists originally thought. >> hey, guys, holding back on front page politics and back to alabama now where there's a news conference on that hostage situation. let's take a listen. >> he's also allowed us to provide coloring books, medication, toys. i want to thank him for taking care of our child. that's very important. at this time i'm going to let you ask me a couple of questions. but you know it needs to be brief. there's very limited -- i'm limited to what i can give you. >> why medication? >> ma'am, i can't release that. >> do we know if he's actually taking it? >> what do we know about the actual state of the child? >> we can only do a couple. >> does he have television and electricity? >> we don't have a lot of details of that, okay? >> [ inaudible ] bus driver -- hit an emergency button inside the bus to call police. >> i don't have any information about that. >> can you tell us anything about your conversations with the suspect? >> we've been in constant communication with mr. dyke
on that hostage situation. we switch gears to talk about the u.s. economy and it shrank a tenth of a percent, the first time in three and a half years. >>> thousands of residents are in the dark of severe storms and help is on the way for millions impacted by hurricane sandy. president obama signing a $55 billion aid package in emergency relief. in syria, an unprecedented mass murder much civilians, the bodies of 65 people found near a river, some with their hands tied behind their backs. >>> toyota is recalling 1 million of its kroel las and lexus sedans manufactured between 2001 and 2004 because the air bags can improperly inflate. in japan, a major airliner is reporting it replaced batteries of dreamliner jet liner ten times before they were gounded earlier this month. >>> another black eye for baseball. new york yankees star alex rodriguez is among seven major leaguers who bought performance enhancing drugs as recently as last year. >>> we want to take you back to the big story we've been following this morning. the committee hearing taking place on what to do about gun violence in ameri
weigh in on the hot topic and the u.s. economy shrinks for the first time since the recession end. what does that mean? we will get the first read with our senior editor mark murray. >>> the white house is responding to the u.s. economy shrank in the fourth quarter. the first time since the recession ended. the white house cites hurricane sandy and sharp cuts and a short time ago, jay carney laid the blame from republicans. >> at least some of that has to do with the uncertainty created by the prospect. talk about letting the sequester kick in as though it were an acceptable thing. it belies where republicans were on the issue not that long ago. >> reaction from the post, mikes. consider yourself warned. we have seen battles turn into the credit rating and the economy shrinking for the first time since the recession and carney or the white house believes it's a part of this sequestration we are facing. >> it's important to look at the broad trinity economy over the past two years. for every step or two we see data showing a step backwards. that's the way to read the gdp members. it's a
of people. and that's not just a point about the economy. think about language. nobody plans the english language. the english language arose spontaneous. it evolves just like the french language, the russian language. the are a few linkages like esperanto, that have a few things in common. they were designed by human beings. they were planned, and no one face them. all of the languages people actually speak are examples of spontaneous order. law, i know we are here in the rayburn house office building. everybody here thinks they are involved in making law, or at the very best, the president and the congress and maybe the supreme court make law. but the fact is law originally evolved spontaneous. people have disputes. they try to settle them. sometimes they turned to a neighbor to settle them. some of the wisest neighbors became known as judges. and the judges started saying, how did we decide that last time? that's how president and case law build up. he was actually much into that process that government started saying let's codify the law. let's write it down, and let's change it thro
economy, this congress said no, our motto would be in god we trust. and when i was a young boy, john kennedy facing the cuban missile crisis said this, the guiding principle of this country has always been, is today and will forever be in god we trust. mr. speaker, with that great history of faith, why is it that faith is under attack so much across this nation? well, mr. speaker, tune in, because in a few weeks, we will be back on this floor and we'll tell you who's doing it and why they are doing it and what we need to do to stop it. i thank you and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 3, 2013, the gentleman from new york, mr. jeverries is recognized for 60 -- mr. jeffries is recognized for 60 minutes as the designee of the minority leader. mr. jeffries: i ask for unanimous consent that the -- be entered into the record a letter from the distinguished gentlelady from texas, mrs. johnson. the speaker pro tempore: without objection. mr. jeffries: today we are here as members o
about it. he knows how important it is to the economy of this country which has been his number one guiding issue to solve our immigration problem. in a lot of ways not just having the 11 million people come out of the shadows and pay taxes and become productive citizens. we all agree it's absurd we attract the best and the bride is around the world and let them get ph.d.s, m.a.'s and m.a.s from our best universities and then go home and compete against us. it mix no sense. the president understands that and let me tell you he has been terrific on this. this idea that we were jockeying as much or. i spoke to him sunday night and we told them we had come to an agreement and we had a great conversation. what he has done and is playing a constructive role in my opinion. he is rallying the country to do reform and getting us all together. but at the same time he is giving us the space to get something done. i have been very impressed with not only the president's desire to get it done but his ability to work with us as part of the team to get that done. >> every president in their secon
a living. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common sense. that's why we need comprehensive immigration reform.
developing this morning, news that the economy unexpectedly contracted in the last quarter of 2012. most of it is a result of weaker expo exports, decreased military spending and other factors. we'll be keeping an eye on the markets this morning to see how they react to this. there was an expectation that there would be some slowdown in the economy, but an actual contraction did catch a bunch of analysts off guard. let's get right to my first reads of the morning. speaking of the economy and jobs, they continue to be issues. the public says they care most about. but it isn't dominating capitol hill. does that change today, by the way? but guns and immigration are taking up most of the political oxygen, just about an hour from now. the next phase of the fight begins on the gun issue. former congresswoman gabrielle giffords returns to capitol hill two years after she was seriously injured in the mass shooting that killed six people in arizona. she will be joined by her husband, mark kelly. they face off with wayne lapierre. it's the first senate hearing on gun violence. >> the only thing t
we have less of it. the might of our military, the size of our economy, the influence of our diplomacy, and the creative energy of our people remains unrifle. no, it is because as the world has changed, so, too, have the levers of power that can most effectively shape international affairs. i have come to think of it like this -- truman and acheson were building the parthenon with classical geometry unclear lines. the colors were a handful of big institutions and alliances dominated by major powers, and that structure delivered unprecedented peace and prosperity. but time takes a toll even on the greatest benefits -- edifice, and we do need a new architecture for a new world. more frank gehry than formal greek. [laughter] think of it. some of his work might appear at first haphazard, but it is highly intentional and sophisticated. where once a few strong columns could hold up the weight of the world, today we need a dynamic mixture of materials and structures. american military and economic strength will remain the foundation of our global leadership, as we saw from the inter
joining the work force has not diminished men. it expands our economy and opportunity for all. the education of poor people in the inner-city does not take away from others, it expands our economy and makes us all do better. this is the ideal of our country. as the rabbi would tell me, the jewish saying, that jews together are strong, but jews with other people are invincible. he african saying that spiderwebs united can tie up a line. the very principle of this country, one of my advisers told me one of the fundamental principles of islam. the oneness of the community. we recognize dependency and see strength. that became the problem solving idea that i took on. i began looking at what other cities around america were doing. i came over to mayor bloomberg, who i called the obi-wan kenobi of mayors. all of us young padawans come to see what is going on over here. i could not wait to talk about climate change. the time is now. we just focus on cities where the carbon output is significant. if we do pragmatic things, we are going to make change. he started showing me programs he
street comes amid disappointing economic news. the u.s. economy slowing signs of slowing down. the government says the economy sharply contracted in the fourth quarter of 2012 growing at only one tent of tenth. they say it is heading to greece on steroids. what is about this last quarter, steve, what caused the shrinkage. >> wall street is doing great, main street isn't doing so well. this new report suggests that this economy still has not really fully recovered from the financial crisis four years ago, in fact the thing that is really disturbing here, jon is the economy has been slowing down over the last six months or so. it's not gaining momentum as you would expect. and so the numbers are just very troubling. the biggest decline, by the way, was in defense spending. the private sector gdp was up a bit, not much about 1.5%. jon: a lot of people who constantly look to cut the defense budget, cut defense spending, chop out this program or that program, this is a cautionary tale. >> look i actually think cutting government spending is good for the economy because it frees up
to be an economy of force response. but, you know, first of all, you know, that has always been our -- other than actual the physical defense of the continental united states or the legal united states, you know, that's been our principal security interest ever since before we were a nation. it's clearly a moment in time where the -- and, of course, through history the patterns have gone back and forth between more autocratic and more liberal governments and regimes in that area. and we have a lot of partners with whom we could be working. we have had a, i mean, our model partnership with colombia which, you know, has been a pretty low-level thing, one which the house of representatives has traditionally kept very close tabs on is a model, counterinsurgency partnership. if we had aped that model in some of our middle east engagements, we would have been much better off also today. but it suggests that, um, again -- and it's possible to work with the brazilians, for example. the brazilians were the leading force in the u.n. mission in haiti. so it, some good things have been happening even while t
are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [♪ theme music ♪] >> announcer: broadcasting across the nation, on your radio, and on current tv this is the "bill press show" >> bill: president obama now approval rating of 60%. good morning, everybody, great to see you today it is thursday. thursday january 31st. this is the "full court press" how about it? we're coming to you live all across this great land of ours from our studio here on capitol hill, our little radio factory, tv factory book factory, right in the shadow of the capitol dome so we know what is going on here, around the country and around the globe. we'll bring you up to date and give you a chance to sound out about it. you can do so by giving us a
at an all-time high. but, it may not mean a thing for our economy. i'm brooke baldwin. the news is now. >>> a prosecutor gunned down in a parking lot. and now a warning. >> i hope that the people that did this are watching. we're going to find you. we're going to pull you out of whatever hole you're in, and we're going to bring you back. >>> plus, live during this hour, you'll see hillary clinton say good-bye in her last moments as america's top diplomat. >>> and super bowl bets. will alicia keys get booed? will jay-z join his wife at halftime. in vegas, it is all up for grabs. >>> here we go. top of the hour. happy friday to you. i'm brooke baldwin. something is happening today that hasn't happened in more than five years. it is great news for a lot of you, of course, saving for retirement or to save a child for college, for example. the stock market is soaring to levels we really haven't seen since 2007 which is all the way back there. checking out the big board with me, it has been a huge day at this moment, two hours away from the closing bell. we are above that 14,000 mark at 14,0
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